The stockholders$$ equity section of TVX Company on February $4$ follows.

Common stock$$$$15$ par value, $150,000$ shares authorized, $58,000$ shares issued and outstanding $ $870,000$

Paid$-$in capital in excess of par value, common stock $423,000$

Retained earnings $548,000$

Total stockholders$$ equity $ $1,841,000$

On February $5,$ the directors declare a $2\%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock$$s market value is $$36$ per share on February $5$ before the stock dividend.

Exercise $13-10($Algo$)$ Part $2$

$2.$ Prepare the stockholders' equity section after the stock dividend is distributed. $($Assume no other changes to equity.$)$